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North American, European Oil and Petrochemical Companies Show Keen Interest in...

The participation of Jebel Ali Free Zone (Jafza), the flagship free zone business of Dubai, in Abu Dhabi International Petroleum Exhibition (ADIPEC), which ranks...

Reduced Demand For Global Oil Supply May Be Permanent

Robert Minter, Investment Strategist at Aberdeen Standard Investments, explains the impact of the pandemic on the O&G sector worldwide and offers some predictions for...

Can Saudi Arabia Still Sway The Oil Market?

Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the...

Are Oil Majors Ready to Become Part of The Climate Change...

The list of companies making deep pledges on the environment is growing longer by the day. About one-quarter of Fortune 500 businesses now have...

Oil rig count drives crude prices, not Brexit

Oil futures settled with a loss of almost 5% on Friday as the U.K. voted to leave the European Union, raising concerns over the...

Oil vs The Market

Analysis and discussion with Stephen Schork of the Schork Report saying that the better place to look into invest maybe natural gas after surging...

OPEC oil output falls in December: Platts survey

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...

UAE’s ADNOC Plans $14 Billion IPO

The Abu Dhabi National Oil Company (ADNOC) today announced the expansion of its partnership model to span the Group’s entire value chain as well...

OPEC issues Oil Market Highlights for May

The OPEC Secretariat has issued its monthly oil market report for May 2013. Following are oil market highlights from the Monthly Oil Market Report by...

OPEC, non-OPEC Reach Oil Cuts Deal Amid COVID-19

An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday with a continued commitment of the participating...

Will Oil Price Hit $80 This Summer?

India, the world's third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic...

Oil Outlook: Market drawn by speculation for short term

Analysis and Discussion with Stephen Schork of the Schork Report

COVID-19 & OPEC – What Is The New Normal?

Refinitiv released a special report.pdf on Covid-19 and the implications on global oil markets. Covid-19 has significantly impacted global economic outlook and oil demand as global...

Oil prices on recovery run

On Friday the price of oil jumped back again in electronic trade. The rebound came after two days of serious losses. Yet, a number...

Drones to be deployed to inspect assets all across GCC

Traditional ways of asset inspections become less relevant in the modern world as they are not only costly and time-consuming but also represent a...

UAE is seeking to increase crude oil production

Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy stressed that the UAE is seeking to increase its production capacity to 3.5 million...

Saudi Arabia, Russia and two other countries agree on oil production...

Saudi Arabia's oil minister has agreed to freeze oil production at January levels, indicating that the country may be willing to reassess its "lower...

OPEC and Allies Have Cleared Oil Surplus

OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their output cuts achieved a key goal of...